3 Roberts hotels sold at bankruptcy auction

ST. LOUIS -- A hearing is set for April 3 in St. Louis to finalize the sale of three hotels owned by St. Louis-based Roberts Cos.

The St. Louis Post-Dispatch reports that the hotels were sold in a bankruptcy auction last week for a combined $5.2 million. The hotels are in Tampa, Fla., Spartanburg, S.C., and Marietta, Ga.

Six hotels owned by Roberts Cos. filed for bankruptcy last year after a $34 million lawsuit from Bank of America sought repayment on loans made to Roberts-owned entities that were in default. A Roberts-owned hotel in Houston sold last month for $2.1 million. The other two hotels are in Dallas and Shreveport, La.